I’m a little unsure how to use these features: Move Stop Loss To Break Even…Break Even Add Pips…Trail stop… TS Activation Level…Exit After Bars…
Also some of these are self explanatory… does anyone have a compreshensive method of using just some or all of these features?
I tried experimenting with the setttings but its hard for me to work out if they are doing what they are supposed to be doing…
So I was wondering what would the proceedure be to test each of these to see they actually work, I’ve tried quite a few combinations but I dont seem to be getting the desired results…
Does anyone have some real life examples to share that use any or all of these?
Thanks in advance :)
Move Stop Loss to Break Even – this setting means that the EA will move SL to the entry price when strategy is given number of pips in profit
Break Even Add Pips – this means that when the SL should be moved to entry price, it is moved Break Even Add Pips higher, to protectsome small profit.
So for example, if you have:
Move Stop Loss to Break Even = 20
Break Even Add Pips = 5
when the trade is 20 pips in profit, it will move SL to entry price + 5 pips.
Trailing Stop – is a classic trailing stop that trails SL X pips from the current market price. It is normally first activated when the trade is in profit
TS Activation Level – you can set when the trailing stop should be activated.
For example if you have:
Trailing Stop = 50
TS Activation Level = 20
the EA will wait until the trade is at least 20 pips in profit, and then starts trailing SL 50 pips below current market price.
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